Search results for: W&T Offshore

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  • 6 August 2015

    W&T Offshore, an independent oil and gas producer with assets in the U.S., both onshore and offshore, has reported a net loss for the second quarter of 2015 of $260.5 million compared to net income of $9.8 million, during the same period in 2014. Revenues for the second quarter of 2015 were $149.1 million compared […]

  • 21 April 2017
    Business & Finance

    U.S. oil firm W&T Offshore has promoted Janet Yang to the position of vice president of corporate and business development and James Hersch to vice president of geosciences. W&T Offshore said on Thursday that Yang was promoted from the position of director of strategic planning and analysis, a position she held since 2012. Hersch’s previous […]

  • 14 August 2018
    Business & Finance

    The chief financial officer (CFO) of oil and gas company W&T Offshore has decided to retire from the company.

  • 1 March 2018
    Business & Finance

    Houston-based W&T Offshore recorded an increase in profit and revenues for the fourth quarter of 2017 helped by higher oil prices.

  • 20 October 2017
    Exploration & Production, Project & Tenders

    Houston-based oil and gas company W&T Offshore has started drilling the ST 224 #1 well within the South Timbalier 224 (ST 224) lease in the Gulf of Mexico.  W&T Offshore is the operator of the ST 224 lease with a 39% stake and Otto Energy is its partner with a 25% interest. According to Otto’s statement on Friday, the […]

  • 17 March 2020
    Business & Finance

    U.S.-based oil & gas operator W&T Offshore has reduced its capital expenditure budget for 2020 and that it has added natural gas costless collars to its hedging portfolio.

  • 2 June 2017

    U.S. Gulf of Mexico operator W&T Offshore has been ordered to pay more than $47 million to Apache over a dispute stemming back from 2014. Apache filed a lawsuit against W&T Offshore on December 15, 2014, alleging that W&T breached the joint operating agreement related to the abandonment of deepwater wells in the Mississippi Canyon […]

  • 2 March 2017
    Business & Finance

    W&T Offshore swung to a fourth quarter 2016 profit as its revenues grew by 11 pct due to higher oil price despite reduced production.  The oil company on Wednesday reported net income for the fourth quarter 2016 of $16.5 million. This compares to a fourth quarter of 2015 reported net loss of $51.6 million. Revenues for […]

  • 21 December 2017
    Project & Tenders

    Houston-based oil and gas company W&T Offshore has been successful in two wells located in the U.S. Gulf of Mexico.

  • 1 September 2015

    W&T Offshore has decided to sell its Permian Basin field in west Texas to Ajax Resources, in order to use the cash and focus on offshore assets in the U.S. Gulf of Mexico. The U.S. independent said the sale of the of all of its stake in the Yellow Rose field in the Permian Basin, would […]

  • 13 March 2018

    W&T Offshore has entered into joint exploration and development agreements with a group of investors to drill up to 14 specified projects in the Gulf of Mexico over the next three plus years.

  • 26 January 2017
    Project & Tenders

    W&T Offshore has brought on production its most recently completed well in the Mahogany field, the Ship Shoal 349 A-18, in the U.S. Gulf of Mexico.  W&T holds a 100% working interest in the Mahogany field. The company said on Thursday that the well was brought online on January 17, 2017. Earlier this week, the […]

  • 2 August 2018

    Gulf of Mexico operator W&T Offshore has said its 2Q 2018 production came at the mid-range of guidance, impacted by well maintenance, weather, pipeline outages, and platform maintenance.

  • 16 October 2015

    W&T Offshore, a U.S. oil and gas independent, has closed the previously announced sale of all of its interest in its Yellow Rose field in the Permian Basin of West Texas to Ajax Resources, LLC, and will now focus on pursuing new offshore assets. Gross pre-tax proceeds from the transaction are $376.1 million, subject to customary […]

  • 23 March 2020

    Houston-based oil and gas company W&T Offshore was the apparent high bidder on two blocks in the Gulf of Mexico Lease Sale 254 held by the Bureau of Ocean Energy Management (BOEM) on March 18, 2020.

  • 23 July 2018
    Business & Finance

    Houston-based oil and gas company W&T Offshore has named a new vice president and general manager for the Gulf of Mexico.

  • 15 December 2017
    Exploration & Production, Project & Tenders

    W&T Offshore has failed to find hydrocarbons in the ST 224 #1 offshore exploration well in the U.S. Gulf of Mexico. Its partner in the project Otto Energy on Friday said the well had been drilled to a total measured depth of 10,900 feet (3,322 meters). The targeted BN sand interval was intersected close to prognosis at 10,330 […]

  • 6 August 2014

    W&T Offshore, Inc. has announced that the U.S. Environmental Protection Agency (EPA) lifted the suspension and proposed debarment, and removed the statutory disqualification, previously imposed by the EPA. This action is subject to the condition that W&T Offshore continues to comply with the conditions of its existing plea agreement (previously announced January 3, 2013) resolving environmental violations […]

  • 6 January 2017

    U.S. oil firm W&T Offshore, has said its Ship Shoal 359 A-18 well in the Gulf of Mexico has logged 149 feet of net oil pay in five zones and extended the size and depth of the Mahogany field. The SS 349 A-18 well was drilled on the western side of the Mahogany field to […]

  • 3 September 2019

    W&T Offshore has closed the previously-announced purchase of ExxonMobil’s interests in and operatorship of oil and gas producing properties in the eastern region of the Gulf of Mexico, offshore Alabama, and related onshore and offshore facilities and pipelines.

  • 4 June 2019

    W&T Offshore has struck oil at the Gladden Deep exploration well in the Mississippi Canyon 800 block in the U.S. Gulf of Mexico. The piece of news of the discovery was shared Tuesday by W&T Offshore’s partner Kosmos Energy which owns a 20 percent interest in the project. Kosmos has said that the Gladden Deep […]

  • 27 September 2012
    Business & Finance

    W&T Offshore, Inc. reports that at about 10:00 a.m. this morning, a fire started on its Ship Shoal 233 B Platform and was subsequently extinguished at 11:35 a.m. This production processing facility, which is operated by the Company, is located approximately 30 miles south of Louisiana in the Gulf of Mexico, in 128 feet of […]